Barack Obama actually said...
Washington should stop subsidizing millionaires. In fact, if you're earning a million dollars a year, you shouldn't get special tax subsidies or deductions. On the other hand, if you make under $250,000 a year like 98 percent of American families, your taxes shouldn't go up.
Context
Obama argues against tax subsidies for millionaires while advocating for tax relief for the majority of American families.
01/23/2012